Apparels, Footwear, and Leather Goods (AFL) Testing, Inspection, and Certification (TIC) Market Report, By Service Type (Testing Services (Chemical Testing, Physical Testing, Colorfastness Testing, and Others), Third Party Audits and Inspection Services, and Certification Services), By Industry (Footwear, Apparel, and Leather Goods), and By Region (North America, Europe, Asia Pacific, Latin America, the Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis 2019 - 2027
- Report code : CMI203038 |
- Industry :
Information and Communication Technology
- Published On : Sep 2019 |
- Pages : 185 Pages |
- Format :
Global Apparels, Footwear, and Leather Goods (AFL) Testing, Inspection, and Certification (TIC) Market – Insights
Global apparels, footwear, and leather goods (AFL) testing, inspection, and certification (TIC) market was valued at US$ 4,952.4 Mn in 2018, and is expected to exhibit a CAGR of 5.1% over the forecast period to reach US$ 7,832.4 Mn in 2027. Europe accounted for the largest revenue share in the global apparels, footwear, and leather goods (AFL) testing, inspection, and certification (TIC) market in 2018. The India market is expected to grow at a significant rate over the forecast period, followed by rest of Asia Pacific.
Figure. Global Apparels, Footwear, and Leather Goods (AFL) Testing, Inspection, and Certification (TIC) Market Size 2017 & 2027
-testing-inspection-and-certification-(tic)-market-fig-1.png "Apparels, Footwear & Leather Goods (AFL) Testing, Inspection & Certification (TIC) | Coherent Market Insights")
Source: Coherent Market Insights, 2018-19
The Asia Pacific market is witnessing high growth due to increasing demand for cost effective learning management solutions. Moreover, increase in the number of start-ups operating in the e-learning industry has aided growth of the apparels, footwear, and leather goods (AFL) testing, inspection, and certification (TIC) market in this region. There has also been a marked shift from traditional methods to technology driven methods in the recent past. For instance, in 2013, Oracle introduced 'Oracle Learn Cloud 13A' with advanced apparels, footwear, and leather goods (AFL) testing, inspection, and certification (TIC) management and delivery features in the Asia Pacific region.
Increasing Demand for Leather Footwear and Goods in Emerging Economies
There has been increasing awareness regarding latest market trends among shoppers. For instance, consumers opt for products which are made from high quality materials. This, in turn, has led to rise in demand for high quality products, which is expected to drive the market growth in the near future.
Moreover, consumers are rapidly aligning towards latest designs and innovative leather offerings in order to match with changing fashion trends. Owing to rising demand for leather garments and footwear, the leather goods industry is witnessing growth in emerging economies.
In several countries across the globe, there is higher preference for quality and standardization among consumers. As a result, leather manufacturers offer sustainable products by avoiding use of harmful chemicals and dyes. India is one of the largest exporters of leather garments, leather goods, and also one of the largest producers of leather footwear.
For instance, according to the India Brand Equity Foundation (IBEF), the total leather good exports from India were valued at US$ 3.05 billion during April-October 2018. The major markets for leather products produced in India include Germany, U.S, U.K., France, and Italy. Therefore, providers of quality and safety services are setting up testing facilities in India, in order to offer leather and footwear testing services to leather manufacturers. As a result, testing services are expected to help manufacturers offer products with high standards of quality and safety to end-users, and also ensure that leather goods that are manufactured are compliant with globally acceptable standards.
Figure. Global Apparels, Footwear, and Leather Goods (AFL) Testing, Inspection, and Certification (TIC) Market Share (%), by Region, 2017
-testing-inspection-and-certification-(tic)-market-fig-2.png "Apparels, Footwear & Leather Goods (AFL) Testing, Inspection & Certification (TIC) | Coherent Market Insights")
Source: Coherent Market Insights, 2018-19
Asia Pacific Apparels, Footwear, and Leather Goods (AFL) Testing, Inspection, and Certification (TIC) market is expected to witness highest growth during the forecast period
Asia Pacific apparels, footwear, and leather goods (AFL) testing, inspection, and certification (TIC) market is expected to reach US$ 1,731.9 Mn by 2027, exhibiting a CAGR of 5.6% over the forecast period. The growth of Asia Pacific apparels, footwear, and leather goods TIC market is attributed to increasing international trade, and increasing exports from Asia Pacific to Europe. These exports from emerging economies of Asia Pacific region are required to conform to various standards of Europe and North America, which is expected to facilitate growth of the apparels, footwear, and leather goods TIC market in the region. For instance, according to the IBEF, India's overall textile exports during FY 2017-18 were valued at US$ 39.2 billion in FY 2018, and are expected to reach US$ 82.00 billion by 2021 from US$ 31.65 billion in FY 2019 (up to January 2019). Furthermore, to sell textile products such as clothing, home textiles, and accessories in China, India needs to adhere to stringent national standards for textile products, such as the Chinese GB standards.
Global Apparels, Footwear, and Leather Goods (AFL) Testing, Inspection, and Certification (TIC) Market: Key Players
Major players operating in the global apparels, footwear, and leather goods (AFL) testing, inspection, and certification (TIC) industry include Intertek Group plc., Bureau Veritas SA, TUV Rheinland Group, SGS S.A., Underwriters Laboratories Inc., TÜV SÜD, CTC Groupe, Eurofins Scientific, QIMA, and Hohenstein.
Apparels, footwear, and leather goods (AFL) testing, inspection, and certification (TIC) market study analyzes testing services such as physical testing, chemical testing, colorfastness testing, and other testing services; third-party audits and inspection services, and certification services. Increasing disposable income and rapid urbanization in emerging economies is propelling growth of the testing inspection and certification (TIC) market in the apparel, footwear, and leather goods industry.
Market Drivers: Increasing Disposable Income and Rapid Urbanization in Emerging Economies
Increasing disposable income and rapid urbanization in emerging economies such as India and China is propelling growth of the apparel, footwear, and leather goods (AFL) testing inspection, and certification (TIC) market.
Development of various sectors including textile, footwear, and others in emerging economies has resulted in a rapidly growing disposable income. For instance, according to World Bank Group, India’s gross per capita income grew to US$ 2,020 thousand in 2018 from US$ 1,830 thousand in 2017. Testing, inspection, and certification services play an important role in product quality improvement in the aforementioned sectors. Increasing disposable income leads to higher demand for products, thereby increasing goods manufacturing and consequently driving demand for testing, inspection, and certification services.
Key features of the study:
- This report provides in-depth analysis of the apparel, footwear, and leather goods (AFL) testing inspection, and certification (TIC) market size (US$ Mn), and compound annual growth rate (CAGR%) for the forecast period (2019-2027), considering 2018 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by leading players
- It profiles leading players in the global apparel, footwear, and leather goods (AFL) testing inspection, and certification (TIC) market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, strategies, and future plans
- Companies covered as part of this study include Intertek Group plc., Bureau Veritas SA, TUV Rheinland Group, SGS S.A., Underwriters Laboratories Inc., TÜV SÜD, CTC Groupe, Eurofins Scientific, QIMA, and Hohenstein
- Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
- The global apparel, footwear, and leather goods (AFL) testing inspection, and certification (TIC) market report caters to various stakeholders in the industry, including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision making through various strategy matrices used in analyzing the global apparel, footwear, and leather goods (AFL) testing inspection, and certification (TIC) market
Detailed Segmentation:
- Global Apparel, footwear, and leather goods (AFL) testing inspection, and certification (TIC) Market, By Service Type:
- Testing Services
- Chemical Testing
- Physical Testing
- Colorfastness Testing
- Others
- Third Party Audits and Inspection Services
- Certification Services
- Testing Services
- Global Apparel, footwear, and leather goods (AFL) testing inspection, and certification (TIC) Market, By Industry:
- Footwear
- Apparels
- Leather Goods
- Global Apparel, footwear, and leather goods (AFL) testing inspection, and certification (TIC) Market, By Region:
- North America
- By Service Type:
- Testing Services
- Chemical Testing
- Physical Testing
- Colorfastness Testing
- Others
- Third Party Audits and Inspection Services
- Certification Services
- Testing Services
- By Industry:
- Footwear
- Apparels
- Leather Goods
- By Country:
- U.S.
- Canada
- By Service Type:
- Europe
- By Service Type:
- Testing Services
- Chemical Testing
- Physical Testing
- Colorfastness Testing
- Others
- Third Party Audits and Inspection Services
- Certification Services
- Testing Services
- By Industry:
- Footwear
- Apparels
- Leather Goods
- By Country:
- Germany
- U.K.
- France
- Spain
- Italy
- Rest of Europe
- By Service Type:
- Asia Pacific
- By Service Type:
- Testing Services
- Chemical Testing
- Physical Testing
- Colorfastness Testing
- Others
- Third Party Audits and Inspection Services
- Certification Services
- Testing Services
- By Industry:
- Footwear
- Apparels
- Leather Goods
- By Country:
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- By Service Type:
- Latin America
- By Service Type:
- Testing Services
- Chemical Testing
- Physical Testing
- Colorfastness Testing
- Others
- Third Party Audits and Inspection Services
- Certification Services
- Testing Services
- By Industry:
- Footwear
- Apparels
- Leather Goods
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- By Service Type:
- Middle East and Africa
- By Service Type:
- Testing Services
- Chemical Testing
- Physical Testing
- Colorfastness Testing
- Others
- Third Party Audits and Inspection Services
- Certification Services
- Testing Services
- By Industry:
- Footwear
- Apparels
- Leather Goods
- By Country:
- GCC Country
- South Africa
- Rest of the Middle East and Africa
- By Service Type:
- North America
- Company Profiles-Consultancy Companies
- Intertek Group plc.*
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- Bureau Veritas SA
- TUV Rheinland Group
- SGS S.A.
- Underwriters Laboratories Inc.
- TÜV SÜD
- CTC Groupe
- Eurofins Scientific
- QIMA
- Hohenstein
- Intertek Group plc.*
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Service Type
- Market Snippet, By Industry
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Mergers & Acquisitions
- Industry Trends
- Porter’s Five Forces Analysis
- Regulations and Standards
- Market Dynamics
- Global Apparels, Footwear, and Leather Goods (AFL) Testing, Inspection, and Certification (TIC) Market, By Service Type, 2017-2027 (US$ Mn)
- Introduction
- Segment Trends
- Testing Services
- Introduction
- Market Size and Forecast, 2017-2027 (US$ Mn)
- Chemical Testing
- Physical Testing
- Colorfastness Testing
- Others
- Third Party Audits and Inspection Services
- Introduction
- Market Size and Forecast, 2017-2027 (US$ Mn)
- Certification Services
- Introduction
- Market Size and Forecast, 2017-2027 (US$ Mn)
- Testing Services
- Global Apparels, Footwear, and Leather Goods (AFL) Testing, Inspection, and Certification (TIC) Market, By Industry, 2017-2027 (US$ Mn)
- Introduction
- Segment Trends
- Footwear
- Introduction
- Market Size and Forecast, 2017-2027, (US$ Mn)
- Apparels
- Introduction
- Market Size and Forecast, 2017-2027, (US$ Mn)
- Leather Goods
- Introduction
- Market Size and Forecast, 2017-2027, (US$ Mn)
- Footwear
- Global Apparels, Footwear, and Leather Goods (AFL) Testing, Inspection, and Certification (TIC) Market, By Region, 2017-2027 (US$ Mn)
- Introduction
- Market Share Analysis, By Region, 2017 and 2027 (%)
- North America
- Introduction
- Regional Trends
- Market Size and Forecast, By Service Type, 2017-2027 (US$ Mn)
- Market Size and Forecast, By Industry, 2017-2027 (US$ Mn)
- Market Share Analysis, By Country, 2017–2027 (%)
- U.S.
- Canada
- Europe
- Introduction
- Regional Trends
- Market Size and Forecast, By Service Type, 2017-2027 (US$ Mn)
- Market Size and Forecast, By Industry, 2017-2027 (US$ Mn)
- Market Share Analysis, By Country, 2017 and 2027 (%)
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Regional Trends
- Market Size and Forecast, By Service Type, 2017-2027 (US$ Mn)
- Market Size and Forecast, By Industry, 2017-2027 (US$ Mn)
- Market Share Analysis, By Country, 2017 and 2027 (%)
- China
- Japan
- South Korea
- India
- Australia
- Rest of Asia Pacific
- Latin America
- Introduction
- Regional Trends
- Market Size and Forecast, By Service Type, 2017-2027 (US$ Mn)
- Market Size and Forecast, By Industry, 2017-2027 (US$ Mn)
- Market Share Analysis, By Country, 2017 and 2027 (%)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East and Africa
- Introduction
- Regional Trends
- Market Size and Forecast, By Service Type, 2017-2027 (US$ Mn)
- Market Size and Forecast, By Industry, 2017-2027 (US$ Mn)
- Market Share Analysis, By Country, 2017 and 2027 (%)
- GCC Countries
- Israel
- Rest of the Middle East
- Competitive Landscape
- Company Profiles
- Intertek Group plc.*
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Bureau Veritas SA
- TUV Rheinland Group
- SGS S.A.
- Underwriters Laboratories Inc.
- TÜV SÜD
- CTC Groupe
- Eurofins Scientific
- QIMA
- Hohenstein
- Intertek Group plc.*
- Company Profiles
- Section
- References
- Research Methodology
- About us and Sales Contact
*Browse 80 market data tables and 50 figures on "Apparels, Footwear, and Leather Goods (AFL) Testing, Inspection, and Certification (TIC) Market - Global forecast to 2027”.
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